Stock-Based Compensation

6 Months Ended

Apr. 28, 2012

Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]

Stock-Based Compensation

Stock-Based Compensation

Stock-based compensation expense, net of estimated forfeitures, was included in the following line items on the Condensed Consolidated Statements of Income as follows (in thousands):

	Three Months Ended				Six Months Ended
	April 28, 2012		April 30, 2011		April 28, 2012		April 30, 2011
Cost of revenues	$	4,596	$	4,167	$	8,971	$	7,027
Research and development	5,603		5,111		10,631		9,394
Sales and marketing	10,687		9,619		20,463		18,411
General and administrative	2,972		3,633		5,612		7,604
Total stock-based compensation	$	23,858	$	22,530	$	45,677	$	42,436

The following table presents stock-based compensation expense, net of estimated forfeitures, by grant type (in thousands):

	Three Months Ended				Six Months Ended
	April 28, 2012		April 30, 2011		April 28, 2012		April 30, 2011
Stock options, including variable options	$	455	$	1,553	$	730	$	2,648
Restricted stock awards and restricted stock units (“RSUs”)	19,650		13,510		36,721		25,383
Employee stock purchase plan (“ESPP”)	3,753		7,467		8,226		14,405
Total stock-based compensation	$	23,858	$	22,530	$	45,677	$	42,436

The following table presents unrecognized compensation expense, net of estimated forfeitures, of the Company’s equity compensation plans as of April 28, 2012, which is expected to be recognized over the following weighted-average periods (in thousands, except for weighted-average period):

	Unrecognized Compensation Expense		Weighted- Average Period (in years)
Stock options	$	1,358	0.74
RSUs	$	76,046	1.72
ESPP	$	5,448	0.82

The following table presents details on grants made by the Company for the following periods:

	Six Months Ended			Six Months Ended
	April 28, 2012			April 30, 2011
	Granted (in  thousands)	Weighted-Average Grant Date  Fair Value		Granted (in  thousands)	Weighted-Average Grant Date  Fair Value
Stock options	160	$	2.39	243	$	2.23
RSUs	1,491	$	5.60	3,763	$	5.33

The total intrinsic value of stock options exercised for the six months ended April 28, 2012 and April 30, 2011 was $19.8 million and $28.5 million, respectively.